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Avery opened a savings account and deposited 200.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 8 years?Round your answer to the nearest cent.

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解答

Averyopenedasavingsaccountanddeposited200.00asprincipal.Theaccountearns13%interest,compoundedannually.Whatisthebalanceafter8years?Roundyouranswertothenearestcent.

解答

Amount:531.69
求解步骤
Translate the problem into an equation:A=200(1+10.13​)1⋅8
200(1+10.13​)1⋅8=531.68883…
Round to the nearest hundredth:531.69
Amount:531.69

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